SBA Loans for Professional Services in Maryland
Since fiscal year 2021, at least 72 lenders made 834 SBA loans to Professional Services businesses in Maryland. These are the most active, based on public SBA data.
Most active SBA lenders for Professional Services in Maryland
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company Buffalo, NY | 292 | $131,575 | 44% | 7(a), Express |
| 2 | Northeast Bank Lewiston, ME | 49 | $155,343 | 10% | 7(a) |
| 3 | TD Bank, National Association Wilmington, DE | 49 | $154,828 | 31% | 7(a), Express |
| 4 | Newtek Bank, National Association Miami, FL | 47 | $389,121 | 21% | 7(a), Express |
| 5 | Readycap Lending, LLC Berkeley Heights, NJ | 45 | $362,412 | 19% | 7(a) |
| 6 | BayFirst National Bank Saint Petersburg, FL | 35 | $183,420 | 4% | 7(a) |
| 7 | Live Oak Banking Company Wilmington, NC | 26 | $1,424,129 | 28% | 7(a), Express |
| 8 | Wells Fargo Bank National Association Sioux Falls, SD | 23 | $197,436 | 82% | 7(a), Express |
| 9 | PNC Bank, National Association Wilmington, DE | 20 | $147,712 | 40% | 7(a), Express |
| 10 | United Midwest Savings Bank National Association De Graff, OH | 18 | $288,129 | 81% | 7(a) |
Related guide: What Is an SBA Loan and How Does It Work?
Other industries in Maryland
- Health Care763 loans
- Restaurants & Lodging711 loans
- Construction702 loans
- Personal Services & Repair621 loans
- Retail Stores606 loans
- Cleaning, Landscaping & Admin364 loans
- Trucking & Transportation305 loans
- Manufacturing247 loans
Frequently asked questions
Which lenders make the most SBA loans to Professional Services businesses in Maryland?
Based on public SBA data, the most active were Manufacturers and Traders Trust Company, Northeast Bank, TD Bank, National Association.
How many SBA loans did Professional Services businesses get in Maryland?
834 SBA loans since fiscal year 2021, from at least 72 different lenders.
Which SBA loan fits a Professional Services business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.